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Document Preview Employment Agreement |
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Title: |
Employment Agreement |
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Entities: |
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Date: |
2001 |
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Size: |
Preview shows 5KB of 27KB total |
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Price: |
$44 |
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ID: |
#858639 |
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<DESCRIPTION>EX 10
<TEXT>
EMPLOYMENT AGREEMENT
DATE: September 12, 2000
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PARTIES: CAPITAL CORP. OF THE WEST, A California Bank Holding Company,
------- hereinafter referred to as "Employer"; and
THOMAS T. HAWKER, herein after referred to as "Employee".
RECITALS:
---------
1. Employee is currently employed as the Chief Executive Officer
of Employer under a written Employment Agreement dated March
11, 1997, which will expire at the close of business of
December 31, 2000.
2. The Parties desire to enter into a new Employment Agreement
for an additional one (1) year term on basically the same
terms and conditions as the March 11, 1997 Employment
Agreement.
AGREEMENT:
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Employer hereby agrees to extend the employment of Employee, and Employee
hereby accepts said extension of employment with Employer, upon the terms and
conditions hereinafter set forth.
1. DUTIES.
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Employee is hereby employed as the President and Chief Executive
Officer of Employer. Employee shall perform the customary duties of a Chief
Executive Officer of a California bank holding company, including but not
limited to, the supervision of Employer's business and all subsidiary
corporations and businesses owned or related to Employer and such kindred duties
as may from time to time be reasonably requested of Employee by the Board of
Directors of
<PAGE>
Employer. As used herein the term "business of Employers" shall include the
business of any of Employer's subsidiaries and related entities.
2. APPOINTMENT TO BOARD OF DIRECTOR.
--------------------------------
Employer hereby agrees that Employee shall remain a member of the Board
of Directors of Employer for so long as Employee is elected to a position on the
board by the shareholders of Employer, or until this Agreement has been
terminated. During the period of Employee's election to the Board of Directors,
Employee shall serve as a member of any or all committees to which he is
appointed, except the audit committee. Employee also hereby agrees to accept
appointment to other boards of directors and committees f subsidiary and related
organizations of Employer. Employee shall fulfill all of Employee's duties a s a
board and committee member without additional compensation. Upon the termination
of this Agreement by either Employee of Employer, Employee agrees to immediately
resign from the Board of Directors, form all committees and from all corporate
offices of Employer and from all of Employer's subsidiaries and related
companies; further, all fringe benefits, such as insurance, shall be terminated
on the last day of service of Employee, unless otherwise mandated by the terms
of this Agreement, Employer's personnel policy, or any other benefit policies in
effect at the time of such termination.
3. TERM.
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Provided Employee is still employed by Employer through December
31, 2000, this Agreement shall be effective for a period of twelve (12) months
thereafter, and employment under this agreement shall commence on
January 1, 2001 and unless sooner terminated as
<PAGE>
provided herein, shall end on December 31, 2001 ("Term").
4. EXTENT OF SERVICES.
------------------
Employee shall donate his full time, attention and energies to the
business of Employer, and shall not during the Term of this Agreement by engaged
in any other business activities, except personal investments, without the prior
written consent of Employer.
5. REGULAR COMPENSATION.
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